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Objects - Examples

Illustrated below is a Sales Invoice, where the Customer belongs to the "Unit A" Object, and the Invoice rows have been assigned the "Radio" and "Cass" Objects respectively (on flip D of the 'Items' card). Each Item and Customer have thus been assigned an Object reflecting their position in the table illustrated at the beginning of this section.

This is the Nominal Ledger Transaction that is created when the Invoice is approved:

The following two Profit & Loss reports show the Income Statement for two of the journal postings: those with the Objects "Radio" and "Cass", respectively. Some cost transactions have been added to make the example more complete.

With a careful use of Object and Account definitions, FirstOffice allows you to allocate revenues and expenses in a logical way, in order to reveal the profitability pattern in the business.

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